If nifty is at around 5550 and someone is saying trend is down & target 5222 (more than 300 points) then risk reward is definitely in your favour for shorting.... GO FOR A SHORT POSITION BCZ TARGET IS VERY ATTARCTIVE FROM CURRENT LEVELS....this is my opinion I could be wrong...
Dear Sudoku,
I want to know that if market does not move to any direction then why you have increaed the target from 5333 to 5222 ....
I think you have taken it -tive from 5600+ to 5540 downfall...assuming that market is tired and unable to sustain higher levels....AND YOUR LEVELS ARE NOT TOTALLY DEPEND ON T.A....
My sense is that if nifty again tested 5200 levels then this time we will definetely see sub 5000 levels also...may be 4800 or so...
Dear Sudoku,
I want to know that if market does not move to any direction then why you have increaed the target from 5333 to 5222 ....
I think you have taken it -tive from 5600+ to 5540 downfall...assuming that market is tired and unable to sustain higher levels....AND YOUR LEVELS ARE NOT TOTALLY DEPEND ON T.A....
My sense is that if nifty again tested 5200 levels then this time we will definetely see sub 5000 levels also...may be 4800 or so...
Nifty was about to touch 5670 but it truned back from 5610 only (Nity mar fut) and so now we are supposed to see -ve trend for this week we can predict abt lvls after monday mkt session so till that happy trading